There are many great Idaho Falls area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (208) 227-5357 for a FREE home buying or selling consultation to answer any of your real estate questions.
Today, we'll discuss the home inspection process. The home inspection is a crucial part of the process for both the buyer and the seller, although it is designed primarily to protect the buyer. When you're looking at a house, you want to be able to focus on whether or not it's the right house for you. You don't want to worry about the nuts and bolts of the home. Once you have your house under contract, there will be a contingency that allows you to have an inspector examine the nuts and bolts for you. Inspectors keep an eye out for safety concerns and things that will affect the home value. The inspector will climb up into the attic and check insulation, and look out for wiring issues as well, among other things.
It's important to choose the right inspector. Don't choose a lax inspector. We know the best inspectors in the area. You want someone thorough, but also someone who won't cause unnecessary alarm. If there is a major issue with the home, and the seller won't fix it, you do have the option to back out of the house. From a seller's standpoint, it's important to understand that you should designate some money for inspection repairs. No house passes an inspection 100%. An inspector will find something, and it's smart to have a budget set aside. Some sellers even have an inspection ahead of time so that they can make the repairs before an offer has even been made. The most important thing is to choose the right inspector. Listen to your real estate agent, because they will have an inspector they know and trust to work with you. If you have any questions, give us a call or send us an email. We look forward to hearing from you!
There are many great Idaho Falls area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (208) 227-5357 for a FREE home buying or selling consultation to answer any of your real estate questions.
Today, we'll discuss the real estate market in Idaho Falls. Overall, we're in a very strong market, but there are a few areas that are standing out. Right now, we have 3.8 months of inventory. Whenever the market is under 5 months of inventory, it means there are not enough houses on the market to accommodate buyer demand. This is good news for sellers, because as demand rises, so do home values. Buyers can still find houses, but they should be prepared for a more competitive market. Sales will slow down in the winter, but you still have a good chance to sell your home. Buyers who look for homes in the market tend to be more serious than summer buyers, so there's no need to wait for the spring market to sell your home.
On average, a home spends 83 days on the market, which is very good. Sellers are also getting 98.6% of their asking price. Now, there are a couple of areas that are particularly strong right now. Homes priced between $150,000 and $175,000 are in high demand. The average days on market for these homes is 66, which is almost a month faster than our county average. The $200,000-$250,000 market is also hot, with 3.5 months of inventory and an average of 72 days on market. In addition, the 83404 zip code on the south side of Idaho Falls is on fire! That area has 3 months of inventory, and there are only 7 houses for sale built after 1990, and they are priced between $300,0000 and $350,000. I recently had a listing appointment with a seller, and since their home falls within that market, that seller will be able to get more than they would at another time.
As you can see, the market overall is very strong right now, with a few pockets that are on fire. If you have any questions, give us a call or send us an email. We look forward to hearing from you!
